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<p>[QUOTE="medoraman, post: 1212214, member: 26302"]Very ture about the margins and credit card commisions. I totally understand why they don't want that hassle and expense.</p><p><br /></p><p>Penny Lady, be cery careful on dealer to dealer sales and not charging sales tax. If a sale is normally taxable, dealer to dealer is only non-taxable if:</p><p><br /></p><p>1. You have a resale certificate on file for that dealer</p><p>2. You conduct business in a tax neutral site and you do not have nexus in the dealers state.</p><p>3. You know for sure the rules in the state in which you are making the transaction.</p><p><br /></p><p>A lot of dealers think that dealer to dealer sales are by default tax free, but they are not. There has to be an exclusion you are using or you are subject to pay the tax on audit.</p><p><br /></p><p>I am not a state tax guy, I have just worked in corporate tax, so giving friendly advice. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1212214, member: 26302"]Very ture about the margins and credit card commisions. I totally understand why they don't want that hassle and expense. Penny Lady, be cery careful on dealer to dealer sales and not charging sales tax. If a sale is normally taxable, dealer to dealer is only non-taxable if: 1. You have a resale certificate on file for that dealer 2. You conduct business in a tax neutral site and you do not have nexus in the dealers state. 3. You know for sure the rules in the state in which you are making the transaction. A lot of dealers think that dealer to dealer sales are by default tax free, but they are not. There has to be an exclusion you are using or you are subject to pay the tax on audit. I am not a state tax guy, I have just worked in corporate tax, so giving friendly advice. :)[/QUOTE]
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